東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Cartel behavior: An empirical analys...

University of Pennsylvania.

Linked to FindBook

Google Book

Amazon

博客來

Cartel behavior: An empirical analysis of ocean liner shipping.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Cartel behavior: An empirical analysis of ocean liner shipping./
Author:	Fox, Nancy Ruth.
Description:	233 p.
Notes:	Adviser: Almarin Phillips.
Contained By:	Dissertation Abstracts International50-09A.
Subject:	Economics, Commerce-Business. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9004784

Cartel behavior: An empirical analysis of ocean liner shipping.
Fox, Nancy Ruth.

Cartel behavior: An empirical analysis of ocean liner shipping. - 233 p.

Adviser: Almarin Phillips.

Thesis (Ph.D.)--University of Pennsylvania, 1989.

This dissertation develops and estimates a simultaneous equations oligopoly model of the regulated international ocean liner shipping industry. In the formal model, firms set a monopoly price collectively and then determine quality individually. This approach is different from other regulatory models, because cartel price is determined by the firms themselves, not by an outside agent. Monopoly profits are not attained, because each cartel member myopically determines quality without regard for overall cartel profits.Subjects--Topical Terms:

626649
Economics, Commerce-Business.

Cartel behavior: An empirical analysis of ocean liner shipping.
LDR:03138nmm 2200337 a 45 001 865756
005 20100729
008 100729s1989 ||||||||||||||||| ||eng d
035 $a (UMI)AAI9004784
035 $a AAI9004784
040 $a UMI $c UMI
100 1 $a Fox, Nancy Ruth. $3 1034207
245 1 0 $a Cartel behavior: An empirical analysis of ocean liner shipping.
300 $a 233 p.
500 $a Adviser: Almarin Phillips.
500 $a Source: Dissertation Abstracts International, Volume: 50-09, Section: A, page: 2991.
502 $a Thesis (Ph.D.)--University of Pennsylvania, 1989.
520 $a This dissertation develops and estimates a simultaneous equations oligopoly model of the regulated international ocean liner shipping industry. In the formal model, firms set a monopoly price collectively and then determine quality individually. This approach is different from other regulatory models, because cartel price is determined by the firms themselves, not by an outside agent. Monopoly profits are not attained, because each cartel member myopically determines quality without regard for overall cartel profits.
520 $a The model is expanded to include other factors that affect price determination. The cartel is presented as the dominant firm in the market, making cartel market share an additional factor in price determination. A third equation, one that describes aspects of market structure, is added to capture the additional simultaneity of the model introduced by the expansion of the price equation. These modifications produce a three equation model, simultaneous in price, quality, and market structure.
520 $a The model is estimated both with ordinary least squares and two stage least squares regressions analysis. Several different forms of the estimation are used, including pooling the observations. A rate index is substituted for individual commodity rates as the measure of price.
520 $a The empirical results are somewhat uneven. In the market share and quality equations, quality and barriers to entry both have a significant positive effect on conference market share. Unit value has a positive effect on quality, and the "cream-skimming" hypothesis is strongly rejected.
520 $a In the rate equations, the theoretically indeterminate effect of the number of firms in the conference on rate is negative and significant. Both increases in market share and cost tend to increase rate. The major disappointing result is the negative effect of quality on rate.
520 $a Recent legislation reduced government's role in regulating ocean liner shipping. These empirical results indicate that some of the new provisions will tend to increase conference freight rates, while others will tend to decrease them. The net effect of these changes is therefore empirically indeterminate and awaits future research.
590 $a School code: 0175.
650 4 $a Economics, Commerce-Business. $3 626649
650 4 $a Economics, General. $3 1017424
650 4 $a Transportation. $3 555912
690 $a 0501
690 $a 0505
690 $a 0709
710 2 $a University of Pennsylvania. $3 1017401
773 0 $t Dissertation Abstracts International $g 50-09A.
790 $a 0175
790 1 0 $a Phillips, Almarin, $e advisor
791 $a Ph.D.
792 $a 1989
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9004784